https://www.taxtmi.com/acts?id=50290 Where a later order under reassessment, rectification or appellate provisions changes the amount on which interest under sub section (1) was payable, interest shall be increased or reduced accordingly; increased interest requires service of a prescribed notice of demand deemed to be a notice under the payment provisions, while reduced interest gives rise to refund of any excess paid. A first-time assessment made under the reopening provision is to be treated as a regular assessment for purposes of the interest, collection and refund rules. en-us Thu, 06 Mar 2025 18:12:16 +0530 Thu, 06 Mar 2025 18:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50290 Where a later order under reassessment, rectification or appellate provisions changes the amount on which interest under sub section (1) was payable, interest shall be increased or reduced accordingly; increased interest requires service of a prescribed notice of demand deemed to be a notice under the payment provisions, while reduced interest gives rise to refund of any excess paid. A first-time assessment made under the reopening provision is to be treated as a regular assessment for purposes of the interest, collection and refund rules. Act-Rules F. Acts / Amendment Acts Thu, 06 Mar 2025 18:12:16 +0530 https://www.taxtmi.com/acts?id=50290